Three DeSoto County residents were arrested Tuesday on criminal charges related to their involvement in a conspiracy to fraudulently obtain government funds intended to protect employees of endangered businesses during the COVID-19 pandemic through the Payroll Protection Program of the U.S. Small Business Administration.
According to court documents, Zipora Hudson, Montreal Hudson, and Deandre Jones, all of Olive Branch, are charged with conspiracy to commit wire fraud and wire fraud for their involvement in the fraudulent application of PPP loans. The defendants are charged with conspiracy to commit money laundering and money laundering by participating in wire transfers involving proceeds of the fraud scheme.
If convicted, they face a maximum penalty of 30 years for the conspiracy and wire fraud violations and 20 years for the money laundering charges. A federal district court judge would determine any sentence after considering the U.S. Sentencing Guidelines and other statutory factors.